Ten-Year T-Notes Makes New Lows
The market broke below the support zone formed back on February 22. The daily RSI readings have closed below 38 and that indicates a downtrend.
The Aggregated TradeFlow chart is set to 3-ticks range (available in CQG 7.5) with my two custom studies plotted. Currently, the market is between an intraday support and resistance zone. The current readings from the TFUmTFD study, which is the difference between the green buy volume line and the red sell volume line of the TFVCrss study, is in negative territory, but the buy volume line (green) and the sell volume line (red) of the TFVCrss study are running flat, which is trading range behavior.
The T-note TradeFlow Chart has the two studies set to five-bar running sums, and the ChartTrader attached. I have the CQG Order Ticker below the chart.
At the time this image was captured, the market is moving sideways. The sell volume line (red) is tracking the buy volume line (green) of the TFVCrss study, which is a sign of a two-way market.
The TradeFlow short-term view can quickly change.